Journal of Macroeconomics

1979 - 2025

Current editor(s): Douglas McMillin and Theodore Palivos

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Volume 19, issue 4, 1997

Long-Run Effects of Monetary Expansion in a Two-Sector Model of Endogenous Growth pp. 635-655

Kazuo Mino

The Optimal Rate of Inflation When Capital is Taxed pp. 657-673

Paul Pecorino

Time Aggregation and the Money-Real GDP Relationship pp. 675-695

Steven Cunningham and Jon Vilasuso

An Empirical Study of Dynamic Labor Demand with Integrated Forcing Processes pp. 697-715

Robert Amano and Tony Wirjanto

An Empirical Analysis of the Output Effects of Temporary and Persistent Government Purchases pp. 717-730

Kiseok Lee and Shawn Ni

A Time Series Analysis of the Relationship between Inflation Uncertainty and Unemployment pp. 731-751

Steven Cunningham, Hong Tang and Jon Vilasuso

A Permanent Income Model of Public Consumption pp. 753-769

Walter Park

More Uncertainty about the Unit Root in U.S. Real GNP pp. 771-780

Philip Rothman

Breaking Trend Functions in Real Exchange Rates: Evidence from Seventeen OECD Countries pp. 781-802

Apostolos Serletis and Grigorios Zimonopoulos

Keynesian Multipliers, Direct Crowding Out, and the Optimal Provision of Public Goods pp. 803-826

Ben Heijdra and Jenny Ligthart

Military Spending, Government Disarray, and Economic Growth: A Cross-Country Empirical Analysis pp. 827-838

Harold Brumm

Volume 19, issue 3, 1997

Nominal Price and Wage Adjustment to Foreign Price Changes pp. 419-442

Torben M. Andersen

Business Cycles, Seasonal Cycles, and Common Trends pp. 443-469

John M. Wells

The Asymmetric Effects of Political Pressures on U.S. Monetary Policy pp. 471-493

Richard T. Froyen, Thomas Havrilesky and Roger Waud

The Disaggregated Money Demand in the Long Run pp. 495-507

Stefan Norrbin and Kevin Reffett

Taxes on Capital Accumulation and Economic Growth pp. 509-522

Toshihiro Ihori

Is Good Macroeconomic Management Important for Growth? pp. 523-537

Michael Bleaney

On the Excess Sensitivity of Consumption to Information about Income pp. 539-553

Angelos Antzoulatos

Are Exchange Rate Expectations Adaptive? Evidence from a Structural Open Economy Macro Model pp. 555-569

Joseph Alba

Wage Indexation and the Exchange Rate Regime: A Strategic Analysis pp. 571-589

Guido De Bruyne

Foreign Exchange Market Efficiency and Structural Instability: Evidence from Taiwan pp. 591-607

Jyh-Lin Wu

Long-Run Money Demand and Inflation in China pp. 609-617

Baizhu Chen

Just, Unjust, and Just-Cause Dismissals pp. 619-628

Thomas J. Carter and Paul R. De Lancey

Volume 19, issue 2, 1997

Capital Markets Integration, Volatility, and Persistence pp. 217-236

Joshua Aizenman

Contract Duration, Inflation Uncertainty, and the Welfare Effects of Inflation pp. 237-251

George Davis and Bryce Kanago

Appointments, Presidential Power, and the Federal Reserve pp. 253-267

William R. Keech and Irwin L. Morris

A Cointegration Analysis of the U.S. Money Supply Process pp. 269-283

Hamid Baghestani and Tracy Mott

Stochastic Trends in Stock Prices: Evidence from Latin American Markets pp. 285-304

Taufiq Choudhry

Does Tax Smoothing Differ by the Level of Government? Time Series Evidence from Canada and the United States pp. 305-326

Mark Strazicich

The Optimal Response of Consumption, Investment, and Debt Accumulation to an Exogenous Shock When the World Interest Rate Is Endogenous pp. 327-348

Kirsta M. Glenn

The Monetary Model of Exchange Rates: Evidence from the Canadian Float of the 1950s pp. 349-362

Taufiq Choudhry and Phillip Lawler

The Macroeconomic Implications of Inequality Aversion pp. 363-380

Simon Parker

Sectoral Contributions to Total Factor Productivity: Another Perspective on the Growth Slowdown pp. 381-393

Stephen D. Casler and Matthew S. Gallatin

Volume 19, issue 1, 1997

Calibration and Real Business Cycle Models: An Unorthodox Experiment pp. 1-17

James Hartley, Steven Sheffrin and Kevin Salyer

On Wage Indexing, Policy Credibility and Inflation pp. 19-30

Iannis A. Mourmouras

Income Velocity in Turbulent Times: The Role of Institutional Factors in the New Zealand Experience pp. 31-52

Pierre Siklos and Kelly R. Eckhold

The Demand for M1 in a Large Macroeconomic System: Evidence from Cointegration Analysis pp. 53-78

Harvey Cutler, Stephen Davies, Janice Rhodd and Walter Schwarm

The Specification of Money Demand, Fiscal Policy, and Exchange Rate Dynamics pp. 79-102

Wen-Ya Chang and Ching-chong Lai

Inflation and Capital Accumulation in a Two-Sector Cash-in-Advance Economy pp. 103-115

Teh-Ming Huo

Growth and Terms of Trade: A North-South Macroeconomic Framework pp. 117-133

Prabirjit Sarkar

Implications of Solow's Growth Model in the Presence of a Stochastic Steady State pp. 135-153

Roberto Cellini

Economic Growth with Negative Externalities in Innovation pp. 155-173

Udayan Roy

Government Size and Economic Growth in Developing Countries: A Political-Economy Framework pp. 175-192

James S. Guseh

Monetary Unions and the Effects of Seigniorage Sharing pp. 193-204

Cynthia Royal Tori

Volume 18, issue 4, 1996

Heterogeneous capital, economic growth, and economic development pp. 561-585

James H. Gapinski

Endogenous growth cycles--Arrow's learning by doing reconsidered pp. 587-604

Alfred Greiner

Why are the effects of money-supply shocks asymmetric? Convex aggregate supply or "pushing on a string"? pp. 605-619

Georgios Karras

Sources of business-cycle volatility: An exploratory study on a sample of OECD countries pp. 621-637

Georgios Karras and Frank Song

How financial markets process money information: A re-examination of evidence using band spectrum regression pp. 639-656

Umit Erol and Erol Balkan

All politics is local: The effect of fiscal and monetary constitutions on economic policy pp. 657-678

William J. Boyes, Wm. Mounts, Clifford Sowell and James Payne

Political business cycles when real activity is persistent pp. 679-692

Manfred Gärtner

Interest rate convergence, capital controls, risk premia and foreign exchange market efficiency in the EMS pp. 693-714

Guglielmo Maria Caporale, Sarantis Kalyvitis and Nikitas Pittis

Who pays for fiscal expansion? Distributional effects of fiscal spending in a small open economy with foreign capital pp. 715-726

Michael Ka-Yiu Fung

External debt and fiscal adjustment in anti-inflation programs pp. 727-733

Michael Ellis

Volume 18, issue 3, 1996

The development of modern macroeconomics: Reflections in the light of Johnson's analysis after twenty-five years pp. 381-401

Brian Snowdon and Howard R. Vane

Do federal deficits affect interest rates? Evidence from three econometric methods pp. 403-428

Stephen Miller and Frank Russek

The effect of changing monetary policy regimes on stock prices pp. 429-447

Adrienne A. Kearney

Money, taxes, and endogenous growth pp. 449-462

Richard Smith

The behavior of velocity and nominal interest rates in a cash-in-advance model pp. 463-478

Parantap Basu and Pami Dua

The role of detrending methods in a model of real business cycles pp. 479-501

Gonyung Park

Testing for a unit root in time series with trend breaks pp. 503-519

Jim Lee

Fueling the engine of growth with investment in infrastructure: A lesson from neoclassical growth theory pp. 521-529

Jon R. Neill

Permanent income and credit rationing in the open economy multiplier/accelerator model: An exercise for the developing countries case pp. 531-549

Ioannis A. Kaskarelis and Erotokritos Varelas

Volume 18, issue 2, 1996

Balanced budget multipliers pp. 197-211

Mark Wynne

Financial dualism in a cash-in-advance economy pp. 213-234

Betty Daniel and Hong-Bum Kim

The long-run variance of output and inflation under alternative monetary policy rules pp. 235-251

Robert H. Defina, Thomas C. Stark and Herbert E. Taylor

A substitution test of long-run money demand pp. 253-270

Stefan Norrbin and Kevin Reffett

On asymmetric costs of disequilibrium and forecasting money demand pp. 271-288

Kiseok Lee and Ronald Ratti

Further evidence on the stabilization of postwar economic fluctuations pp. 289-298

Randall E. Parker and Philip Rothman

The cointegrating relationship between productivity, real exchange rates and purchasing power parity pp. 299-313

Jack Strauss

Macroeconomic conditions, class mobility, and inequality pp. 315-340

Chu-Ping C. Vijverberg

Note on human capital externalities pp. 341-351

Tor Einarsson and Milton Marquis

On finite life times and growth pp. 353-358

V. K. Chetty and Dilip Ratha

Predicting the pattern of economics research: The case of the real business cycle theory pp. 359-372

Denise Kirschner and Wooheon Rhee

Volume 18, issue 1, 1996

Oil price volatility and the macroeconomy pp. 1-26

J. Ferderer

Aggregate economic fluctuations in endogenous growth models pp. 27-47

Elvan Ozlu

Target zones and alternative proposals for G3 policy coordination: An empirical evaluation using GEM pp. 49-68

Nicos Christodoulakis, Anthony Garratt and David Currie

Real disturbances, relative prices and purchasing power parity pp. 69-87

Selahattin Dibooglu

An evaluation of federal reserve forecasting pp. 89-109

Dennis Jansen and Ruby Pandey Kishan

Seigniorage and tax smoothing: Testing the extended tax-smoothing model pp. 111-125

J. Lynne Evans and Michael C. Amey

A simple pecuniary model of money and growth with transactions cost pp. 127-137

Junxi Zhang

Transitions from stable equilibrium points to periodic cycles to chaos in a phillips curve system pp. 139-153

A. S. Soliman

The macroeconomic effects of the postwar baby boom: Evidence from Australia pp. 155-169

A. J. Lenehan

The black market exchange rate and demand for money in Iran pp. 171-176

Mohsen Bahmani-Oskooee

Comment on Frenkel and Taylor's "Money Demand and Inflation in Yugoslavia, 1980-1989" pp. 177-185

Pavle Petrovic and Zorica Vujosevic